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Overnight News Digest: Russian hawks celebrate deadly attacks on civilians [1]
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Date: 2022-10-10
x Happy Indigenous Peoples Day Maya LittleOwl pic.twitter.com/E3sT1yTUXq — OlderBrownWoman (@jaxgrp) October 10, 2022
BBC
The chancellor's decision to bring forward the date of his plan to balance the government's finances failed to reassure markets on Monday. Government borrowing costs rose sharply after Kwasi Kwarteng said he would fast-track his plan to 31 October. The plan will set out how he will fund tax cuts and reduce debt after his mini-budget sparked market turmoil. An independent forecast of the UK economy's prospects will be published at the same time. In the wake of the September mini-budget, the pound slumped to a record low, government borrowing costs surged and the Bank of England was forced to step in and take emergency action after the dramatic market movements put some pension funds at risk of collapse. The volatility eased but on Monday the yields - or effective interest rates - on UK government bonds were almost at the levels seen at the height of the market turmoil.
Al Jazeera
A trio of US economists, including former Federal Reserve Chairman Ben Bernanke, has won this year’s Nobel Prize in economics for laying the foundation of how world powers tackle global crises like the recent pandemic or the Great Recession of 2008. Bernanke, Douglas Diamond and Philip Dybvig were recognised on Monday for their research on how regulating banks and propping up failing lenders with public cash can stave off an even deeper economic crisis, such as the Great Depression of the 1930s. “The actions taken by central banks and financial regulators around the world in confronting two recent major crises – the Great Recession and the economic downturn that was generated by the COVID-19 pandemic – were in large part motivated by the laureates’ research,” the Swedish Academy said in announcing this year’s prize winners. Governments around the world bailed out banks in 2008 and 2009, generating a torrent of criticism as ordinary consumers suffered. Many lost their homes even as banks, a key culprit of the crisis, were saved. But society on the whole benefited and the bailouts, even if morally questionable to some, likely prevented more pain, the laureates’ research suggests.
Al Jazeera
Former Hurricane Julia has drenched the Central American nations of Guatemala and El Salvador with heavy rain, forcing authorities to evacuate hundreds of residents and set up emergency shelters. Julia has been downgraded to a tropical depression, bringing wind speeds of 60 km/h (35 mph) to Guatemala on Monday, down from 140km/h (85 mph) when the storm hit the Caribbean coast of Nicaragua as a hurricane a day earlier. While the storm has started to ease and is expected to dissipate later on Monday, authorities warn that dangerous conditions could persist. “Life-threatening flash floods and mudslides should continue from Julia across Central American and Southern Mexico through Tuesday,” the US National Hurricane Center said in an advisory on Monday.
Deutsche Welle
German Defense Minister Christine Lambrecht on Monday said Russian missile attacks on Ukrainian population centers highlighted the urgency of delivering air defense systems to Kyiv's forces. The long-promised systems, which are capable of protecting an entire city, were originally slated to be delivered at the end of the year. Monday's deadly strikes, however, have now sped up the delivery timeline. What did German officials say? Lambrecht said the Russian barrage underlined the need for the vehicle-mounted Iris-T SLM systems to be delivered quickly. "The renewed missile fire on Kyiv and the many other cities show how important it is to supply Ukraine with air defense systems quickly," the defense minister said in a statement.
Deutsche Welle
Belarus on Monday announced the formation of a joint unit of Belarusian forces with the Russian army. Lukashenko said the move was due to growing tensions on Belarus's border with Ukraine, saying it was necessary to bolster security. The announcement came amid a barrage of Russian missile strikes in several Ukrainian cities, which killed at least 11 people and wounded more than 60 others. What did the Belarusian leader say? Lukashenko said he had agreed on the joint deployment with Russian President Vladimir Putin at an informal summit of heads of former Soviet states. "We have agreed to deploy a regional grouping of the Russian Federation and the Republic of Belarus," he said in quotes carried by state news agency Belta.
The Guardian
Trump is the man,” Thomas “Tom” Barrack, a wealthy investor friend of Donald Trump’s, wrote to someone in a foreign government, in 2016, as Trump’s likelihood of being named the Republican nominee for president began to become a certainty. Barrack added, cryptically, that someone called “HH” should be ready to travel. The meaning of those words, and the intent behind them, are at the center of the latest court case to roil Trump’s circle. Prosecutors have said that the “HH” in Barrack’s email referred to His Highness Mohammed bin Zayed Al Nahyan, the current leader of the United Arab Emirates, and that Barrack was trying to secretly and illegally trade his access to Trump’s ear for the graces of the Emirati government and its vast pool of investment money.
The Guardian
Nicola Sturgeon has told the Scottish National party’s annual conference that “we are the independence generation”, while reassuring those who will never be persuaded of the merits of leaving the UK that “whatever happens in future, Scotland belongs to you as much as it does to us”. Addressing delegates in Aberdeen at the party’s first in-person conference since the pandemic, she promised Scotland “a steady and compassionate hand on the tiller” through the cost of living crisis. With supreme court judges preparing to consider this week whether the Scottish government has the legal power to stage a referendum without Westminster consent, Sturgeon described independence as “essential” to escape Westminster mismanagement, build a new partnership of equals with the other UK countries and rejoin the EU.
The Guardian
British Cycling is facing a backlash from environmental groups and its members after announcing a major new partnership with the oil giant Shell. The governing body claimed it would “help our organisation and sport take important steps towards net zero”. Critics used social media to ask whether it was April Fool’s Day and the mood was captured by one respondent who wrote: “Partnering a fossil fuel company as an accelerant to your path to net zero? Is this satire?” The decision to enter a long-term partnership with Shell was condemned by Greenpeace . “The idea of Shell helping British Cycling reach net zero is as absurd as beef farmers advising lettuce farmers on how to go vegan,” the Greenpeace UK policy director, Dr Doug Parr said.
The Guardian
Ever year during the fall migration season, 5.4 million waterfowl descend on California, as birds from Canada and Alaska make their way south on an aerial transnational highway known as the Pacific Flyway. This year, the arrival of the birds also brings concern. A new avian influenza is circulating, and that means trouble for domestic chickens, wild birds and even mammals. “The prediction is we’re going to be hammered in the next several months,” said Maurice Pitesky, who monitors and forecasts bird viruses at the University of California, Davis. There are 144 known types of bird viruses, most of them mild. Just as human viruses do, they swirl around the world and pop up in different places.
Reuters
DUBAI, Oct 10 (Reuters) - Iranian security forces intensified a crackdown on anti-government protests in several Kurdish cities on Monday, as demonstrations elsewhere in Iran spread into the country's vital energy sector. Protests have swept Iran since Mahsa Amini, a 22-year-old from Iran's Kurdish region, died on Sept. 16 while being held for "inappropriate attire", marking one of the boldest challenges to the Islamic Republic since the 1979 revolution.
Reuters
UNITED NATIONS, Oct 10 (Reuters) - The U.N. General Assembly voted on Monday to reject Russia's call for the 193-member body to hold a secret ballot later this week on whether to condemn Moscow's move to annex four partially occupied regions in Ukraine. The General Assembly decided, with 107 votes in favor, that it would hold a public vote - and not a secret ballot - on a draft resolution that would condemn Russia's "illegal so-called referenda" and the "attempted illegal annexation." Diplomats said the vote on the resolution would likely be on Wednesday.
Reuters
NEW YORK, Oct 10 (Reuters) - The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump's social media company postponed on Monday its shareholder vote to Nov. 3 after failing to garner enough support to win a 12-month extension. At least 65% of the shareholders of Digital World Acquisition Corp (DWAC.O) needed to agree to the extension. The special purpose acquisition company (SPAC) opted to push back the deadline to try to find more votes.
NPR
Sen. Tommy Tuberville, R-Ala., compared descendants of enslaved people to criminals on Saturday at a rally for former President Donald Trump, drawing intense backlash for promoting a racist narrative. In front of an overwhelmingly white crowd in Minden, Nevada, Tuberville criticized Democrats for being "pro-crime." "They want crime because they want to take over what you got. They want to control what you have. They want reparations because they think the people that do the crime are owed that," Tuberville added. "Bull****! They are not owed that." In a press statement, NAACP President Derrick Johnson called Tuberville's comments "flat out racist, ignorant and utterly sickening."
NPR
Voices offer lots of information. Turns out, they can even help diagnose an illness — and researchers are working on an app for that. The National Institutes of Health is funding a massive research project to collect voice data and develop an AI that could diagnose people based on their speech. Everything from your vocal cord vibrations to breathing patterns when you speak offers potential information about your health, says laryngologist Dr. Yael Bensoussan, the director of the University of South Florida's Health Voice Center and a leader on the study.
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